The Federal Reserve is prepared to invest hundreds of billions of dollars in corporate bond ETFs to support businesses, and make it possible for these businesses to borrow during the Coronavirus downturn.
Today's news is worse — and coming faster — than in the scenarios the central bank tests for.
Ben Bernanke on COVID-19 downturn: "With help from the Federal Reserve and from the Treasury, I'm not really expecting a major financial crisis."
Former Federal Reserve Chairman Ben Bernanke said the Fed has to do what it can to limit the damage caused by the coronavirus.
After the European Central Bank announced a rate cut, Trump urged the Fed to do the same.
President Trump wants to appoint the former pizza executive to the Federal Reserve.
In a sharp turn from December’s forecasts, the Federal Reserve announced yesterday that it will hold short-term interest rates steady. The announcement comes amid signs of a slowing economy and weakening consumer and business spending. For workers and the housing market, however, the economy is still healthy.
… because Marketplace already did.
Robert Kaplan, the president of the Federal Reserve Bank of Dallas, on Thursday told Bloomberg that the Fed ought to think about slowing down how quickly it’s shrinking its balance sheet. What’s a balance sheet? It’s a ledger of the Fed’s assets and liabilities that, in the middle of the financial crisis, the Fed expanded as […]